Amid signs of a prolonged period of high energy costs, policymakers are urging restraint as governments open up the public till to protect households and businesses.
Category: Credit and Debt
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Debt Alarms Ring as Countries Rack Up More Emergency Spending
The New York Times – Business: -
J.P. Morgan Sees Resiliency in U.S. Economy Despite Iran War
The New York Times – Business:The nation’s largest bank said it earned record trading profits in the first quarter but tempered expectations overall for its business.
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‘Spring Clean’ Your Finances: How to Overhaul Your Spending and Savings to Stay on Track
The New York Times – Business:When the world feels uncertain, spend the season of renewal taking charge of what you can control: your budget.
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Some Borrowers Are Moving Abroad and Abandoning Their Student Loans
The New York Times – Business:A record number of student loan borrowers are in delinquency and default. Some are making the drastic decision to leave the country and abandon their loans.
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Blue Owl, Ailing Private Credit Firm, Reveals Even More Troubles
The New York Times – Business:Investors in the struggling Wall Street lender put in record requests to get their money back.
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Private-Credit Wobbles Could Prove Perilous for Trump
The New York Times – Business:The Trump administration is poised to broaden access to risky investments that are showing signs of strain.
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How Daily Money Managers Help Busy People With Their Finances
The New York Times – Business:Daily money managers generally help older adults and the wealthy, but busy professionals are increasingly using their services when they get behind.
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New Limits on Investors and a Debt Downgrade Add to Private Credit Woes
The New York Times – Business:Investors are concerned about the health of the industry, which ballooned over the past decade.
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Covid Relief Loans Are Haunting Small Businesses
The New York Times – Business:The Small Business Administration lent $378 billion to keep businesses afloat. Getting paid back is proving difficult.
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Record Number of Student Loan Borrowers Are in Delinquency and Default
The New York Times – Business:Recently released data from the Education Department showed that by the end of last year, 7.7 million borrowers had defaulted on $181 billion in federal student loans.
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The Iran War’s Economic Threat to Europe and Asia
The New York Times – Business:Inflation and its consequences for growth is a growing concern for countries where memories of the 2022 energy crisis are fresh.
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Rising Prices and High Interest Rates Are Making Car Ownership Feel Impossible
The New York Times – Business:Rising vehicle prices, auto loan interest rates, and insurance and maintenance costs are making it harder for people to buy or keep cars.